Extended Warranty. Worth it?
11-26-2015, 10:57 AM
#21
Senior Member
I was never a fan of the ext warranty on any vehicle purchased. That being said, when I bought my 2012 (used), it came with the Ford 7 year warranty and the premium ESP, no deductibles. It was one of the deciding factors to buy the truck.
For the kms I drive, I have worry free motoring and don't have to pay for any service work till mid 2019.
For the right price, it's cheap peace of mind, and will help on resale.
For the kms I drive, I have worry free motoring and don't have to pay for any service work till mid 2019.
For the right price, it's cheap peace of mind, and will help on resale.
03-25-2016, 05:32 PM
#22
Senior Member
I would never have a non Ford warranty.
03-25-2016, 06:54 PM
#23
Senior Member
I would never have a non Ford warranty.
Beware of extended-warranty scams
Even if you’re considering an extended warranty, be wary of any solicitation you get through the mail or over the phone. Scammers have found that the warranty business can be very lucrative, and the Better Business Bureau has received thousands of complaints from consumers who have been stung. Typically, the questionable outfits contact an unsuspecting owner whose warranty has just expired or is about to expire.
"The impression they want to give people is that they are contacting them on behalf of their dealer or manufacturer, or they are associated with them, which, in fact, they are not,” says Michelle Corey, president and CEO of the St. Louis office of the BBB.
Once they’ve taken the bait, the unfortunate victims often find that their problems have just begun. “They’re not able to read the contract until it’s mailed to them,” says Corey. “They don’t see the conditions, the limitations, or exclusions. Then when they try to use it, they’re informed that pre-existing conditions don’t apply, or they’re told they don’thave maintenance records showing that they followed the manufacturer’s requirements for upkeep.”
Even if you’re considering an extended warranty, be wary of any solicitation you get through the mail or over the phone. Scammers have found that the warranty business can be very lucrative, and the Better Business Bureau has received thousands of complaints from consumers who have been stung. Typically, the questionable outfits contact an unsuspecting owner whose warranty has just expired or is about to expire.
"The impression they want to give people is that they are contacting them on behalf of their dealer or manufacturer, or they are associated with them, which, in fact, they are not,” says Michelle Corey, president and CEO of the St. Louis office of the BBB.
Once they’ve taken the bait, the unfortunate victims often find that their problems have just begun. “They’re not able to read the contract until it’s mailed to them,” says Corey. “They don’t see the conditions, the limitations, or exclusions. Then when they try to use it, they’re informed that pre-existing conditions don’t apply, or they’re told they don’thave maintenance records showing that they followed the manufacturer’s requirements for upkeep.”
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digitaltrucker (03-25-2016)
03-31-2016, 02:29 PM
#24
Senior Member
This is exactly what I did. Got a quote from Zeigler Ford on line. Went back to my local dealer and gave them a chance to met, or at least come close, to the Ziegler quote. He never would budge from his original high price. His loss was Ziegler's gain.
if you bought the FORD ESP from the dealer you purchased your vehicle from, you *probably* paid too much.
Some dealers will cut the cost as an incentive. Some will sell them to you at $1 over cost to bump their sales numbers (it means bonus money for them)... BUT that's not a guarantee!
Best bet is to go online (www.zeiglerfordesp.com, for example), and do a quote. Take that to your selling dealer, and ask them to match it, if not, buy it online, and sometimes save hundreds!!
Some dealers will cut the cost as an incentive. Some will sell them to you at $1 over cost to bump their sales numbers (it means bonus money for them)... BUT that's not a guarantee!
Best bet is to go online (www.zeiglerfordesp.com, for example), and do a quote. Take that to your selling dealer, and ask them to match it, if not, buy it online, and sometimes save hundreds!!
04-03-2016, 05:06 PM
#25
Junior Member
I just bought a 2016 f150 xlt sport and I also bought the extended warranty. An additional two years of bumper to bumper for $2000. I also bought the maintenance package for an additional $2700. It covers everything for 5 years or 100,000km. Breaks, wipers, oil changes and fluid flushes...stuff like that. They told me that I wouldn't have to spend a cent for 5 years. I'm gonna add up the cost of maintence over 5 years and see finite was worth the money. $4700 for 2 additional years of bumper and the 5 year/100,000 km maintence package seems a bit steep. I guess I'll find out in 5 years!
04-03-2016, 06:25 PM
#26
Senior Member
Wow... I have a bridge...
You should read the manual. In the first 100,000 miles (not km), I don't think you will find $400 of maintenance, not one fluid flush, ... Figure one set of tires, one set of brakes. Not even half of what you paid.
You may want to cancel the maintenance one, or cancel both and buy the warranty online mm or not at all.
You should read the manual. In the first 100,000 miles (not km), I don't think you will find $400 of maintenance, not one fluid flush, ... Figure one set of tires, one set of brakes. Not even half of what you paid.
You may want to cancel the maintenance one, or cancel both and buy the warranty online mm or not at all.
Last edited by Ricktwuhk; 04-03-2016 at 07:11 PM.
04-03-2016, 08:23 PM
#27
Senior Member
At $1,500 in American dollars for the warranty, and $2,000+ for the maintenance plan, you may be on the high end of the price scale.
On the warranty, you may be charged list price if there are no discounts allowed in Canada. Is that the case?
But on the maintenance plan, you can calculate it out. Like Rick says, go into the maintenance part of the manual and see what how many services you will actually do in 5 years, and what they will actually cost.
Be aware that the dealer is going to follow the maintenance schedule, just because you may want your oil changed more often than the manual says, does not mean they will do it for free. And if their policies are not in writing, well, verbal promises mean nothing.
On the warranty, you may be charged list price if there are no discounts allowed in Canada. Is that the case?
But on the maintenance plan, you can calculate it out. Like Rick says, go into the maintenance part of the manual and see what how many services you will actually do in 5 years, and what they will actually cost.
Be aware that the dealer is going to follow the maintenance schedule, just because you may want your oil changed more often than the manual says, does not mean they will do it for free. And if their policies are not in writing, well, verbal promises mean nothing.
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digitaltrucker (04-04-2016)
04-04-2016, 06:11 PM
#28
Senior Member
I paid a lower price for FMPP for my 2014. It was $2000. I bought it as it helped out my dealer a bit since they gave me a great price on the truck.
I can't get a Oil change for less than $90 out the door from Ford around here and hate doing oil myself. So over the 100,000km I get 13 oil changes.
I figure it this way, I don't have to worry about any maintenance, the cost of the service increasing or if the brakes on my truck decide to start doing the death wobble. In the end, yes it's too much, but sometimes it is what it is.
It also stays with the truck if I buy a new Raptor, so provides a bit of resale value.
Over the life of the plan:
$1170 in oil changes
$300 in wipers (roughly $30 out the door. A set every oil change)
$150 in Air filters(roughly $30. one every year)
Total $1620 just on the above three items. Hopefully I get my money's worth if something else needs to get done or is covered.
I can't get a Oil change for less than $90 out the door from Ford around here and hate doing oil myself. So over the 100,000km I get 13 oil changes.
I figure it this way, I don't have to worry about any maintenance, the cost of the service increasing or if the brakes on my truck decide to start doing the death wobble. In the end, yes it's too much, but sometimes it is what it is.
It also stays with the truck if I buy a new Raptor, so provides a bit of resale value.
Over the life of the plan:
$1170 in oil changes
$300 in wipers (roughly $30 out the door. A set every oil change)
$150 in Air filters(roughly $30. one every year)
Total $1620 just on the above three items. Hopefully I get my money's worth if something else needs to get done or is covered.
Last edited by Blown F-150; 04-04-2016 at 06:14 PM.
04-04-2016, 10:10 PM
#29
Senior Member
If you have the Sony MyTouch system, you will cry if you have to have it replaced out of warranty(screen is over $2k, I believe). That alone made me buy the Ford ESP...
04-05-2016, 08:29 AM
#30
Senior Member
I'll know for sure when the truck hits 7 years old, or 100k miles. I got it because I didn't want any surprises down the road. Besides all the computers and electronics, I wanted some back up for the 3.5L Eco engine. It's still relatively new. And turbos are something I've never dealt with over my driving career.
I got my ESP on line from a Ford dealer in Michigan. Unfortunately, my local dealer wanted an arm, a leg and my first born grandson. After getting the price on line, I asked my local dealer to match it, or at least come close. He refused.
I got my ESP on line from a Ford dealer in Michigan. Unfortunately, my local dealer wanted an arm, a leg and my first born grandson. After getting the price on line, I asked my local dealer to match it, or at least come close. He refused.
